Congress Is Locked In A Familiar Standoff That Could Have Big Economic Consequences
The House on Tuesday passed a bill to extend current spending levels through Dec. 3 and suspend the cap on federal debt through 2022. But Senate Republicans oppose it and show no signs of budging.
Congress has fewer than 10 days to pass legislation to prevent another partial government shutdown, and Democrats hope to use the deadline pressure to force Republicans to help them pass a critical suspension of the federal borrowing cap.
Republican leaders have flatly rejected that plan, leaving Congress in a familiar political standoff over spending and debt that could have serious economic consequences.
Democrats are moving ahead with a bill that would both extend current spending levels through Dec. 3 and suspend the cap on federal debt through the end of 2022.
The legislation also includes a total of $28.6 billion for communities recovering from natural disasters that occurred over the past 18
